Product ID: UCMIG30I2058
Protein Powder Market Size, Share, Growth Analysis, By Source(Plant-based, Soy), By Application(Human Nutrition Supplement, Sports Nutrition), By Distribution Channel(Supermarket/Hypermarket, Online), By Region(North America, Europe) - Industry Forecast 2024-2031
Report ID:
UCMIG30I2058 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Protein Powder Market Insights
Market Overview:
The Protein Powder Market reached over USD 21.5 billion in 2022 and is expected to grow at a CAGR of 6.5% from 2023 to 2032. The market is being driven by a shift in consumer preferences towards vegan food alternatives. In response to the growth of animal-borne diseases and the emergence of pandemics and epidemics, many consumers are adopting a vegan diet and seeking out holistic lifestyles through dietary interventions and lifestyle changes.
Protein Powder Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Packaged Foods & Meats by segment aggregation, the contribution of the Packaged Foods & Meats in Food, Beverage & Tobacco and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Protein Powder Market Report Snapshots
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